David Letterman’s “Is This Anything?” sketch provided viewers with not only a good laugh, but also a memorable maxim when contemplating meaning and relevance. At Dave’s prompt, the curtain would rise to reveal such things as a scantily clad model running a circular saw against an armored breastplate, shooting sparks across the stage. The question posed to the viewers was then, “Is this anything?” . . . does this elaborate and eye-catching show amount to any...

BVA Group’s Laurie-Leigh White served as a panelist during a recent Private Director’s Association, alongside Foley & Lardner LLP’s Mike Abbott and Ventura’s Neil Brozen.  She discussed the impact of independent directors and board members on company valuations, particularly focusing on the impact on ESOP companies.

The economic, or fair value, of rollover equity is often unknown at the time of a transaction and frequently either not specified in a purchase agreement, or erroneously stipulated based on oversimplified estimates.  Commonly, the value ascribed to rollover equity in purchase agreements does not consider all of the rights, preferences, and limitations that may apply to and significantly impact the fair value of the rollover equity.  This can be a significant fina...

In the 2019 Texas’ Best survey, Texas Lawyer and its readers named BVA Group the leader for Business Valuation Firm, Corporate Investigations Provider, End-to-End Litigation Consultant, Expert Witness Provider, and Financial Forensics Provider.